QVL Technics: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QVL Technics
Largest movements
- Receivables within one year +€2,069
up €2,069 (+157.6%), from €1,312 to €3,381
of which Trade receivables: +€1,942
- Cash +€120
up €120 (+1.9%), from €6,434 to €6,554
mainly Trade debts (+€2,478) and Net result for the year (+€730)
- Trade debts +€2,478
up €2,478 (+243.6%), from €1,017 to €3,496
- Tax, wage and social debts -€1,073
no longer reported in 2025 (was €1,073)
- Profit (loss) carried forward +€457
no longer reported in 2025 (was -€457)
- Reserves +€272
up €272 (+6.6%), from €4,138 to €4,411
- Gross operating margin +€1,474
up €1,474, from -€360 to €1,114
- Other operating charges +€244
new in 2025: €244
- Taxes +€43
up €43 (+111.8%), from €38 to €81
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,873 | €10,048 | +€2,175 | +27.6% |
| Current assets | 29/58 | €7,873 | €10,048 | +€2,175 | +27.6% |
| Amounts receivable within one year | 40/41 | €1,312 | €3,381 | +€2,069 | +157.6% |
| Trade receivables | 40 | €410 | €2,352 | +€1,942 | +473.9% |
| Other amounts receivable | 41 | €903 | €1,029 | +€127 | +14.1% |
| Cash at bank and in hand | 54/58 | €6,434 | €6,554 | +€120 | +1.9% |
| Deferred charges and accrued income | 490/1 | €127 | €113 | -€14 | -10.8% |
| Total equity and liabilities | 10/49 | €7,873 | €10,048 | +€2,175 | +27.6% |
| Equity | 10/15 | €5,682 | €6,412 | +€730 | +12.8% |
| Contributions | 10/11 | €2,001 | €2,001 | = | 0.0% |
| Reserves | 13 | €4,138 | €4,411 | +€272 | +6.6% |
| Distributable reserves | 133 | €4,138 | €4,411 | +€272 | +6.6% |
| Profit (loss) carried forward | 14 | -€457 | - | +€457 | |
| Amounts payable | 17/49 | €2,191 | €3,637 | +€1,446 | +66.0% |
| Amounts payable within one year | 42/48 | €2,191 | €3,637 | +€1,446 | +66.0% |
| Trade debts | 44 | €1,017 | €3,496 | +€2,478 | +243.6% |
| Suppliers | 440/4 | €1,017 | €3,496 | +€2,478 | +243.6% |
| Taxes, remuneration and social security | 45 | €1,073 | - | -€1,073 | |
| Taxes | 450/3 | €1,073 | - | -€1,073 | |
| Other amounts payable | 47/48 | €101 | €141 | +€40 | +39.6% |
| Other operating charges | 640/8 | - | €244 | +€244 | |
| Gross operating margin | 9900 | -€360 | €1,114 | +€1,474 | |
| Operating profit (loss) | 9901 | -€360 | €870 | +€1,230 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €60 | €60 | -€0 | -0.6% |
| Recurring financial charges | 65 | €60 | €60 | -€0 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€419 | €810 | +€1,230 | |
| Income taxes | 67/77 | €38 | €81 | +€43 | +111.8% |
| Profit (loss) for the period | 9904 | -€457 | €730 | +€1,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€457 | €730 | +€1,187 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.